With the likelihood that the Reserve Bank will be easing sooner rather than later, and other parts of the world actually raising rates, the pressure's going to remain on the currency.
More Quotes from Robin Clements:
It will add to the picture, in my view, that they will not need to do any more tightening.Robin Clements
Despite the protests of politicians and some business people that we were nowhere near recession, obviously we're very close. I think the bank will ease, and the market will undoubtedly move to price it in earlier.
Robin Clements
We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.
Robin Clements
With some speculation that the RBNZ could have moved by 50 basis points, the end result was a market reaction consistent with an element of relief,
Robin Clements
Growth is expected to slow further, with a recession possible.
Robin Clements
Stockprices can go up as far as the moon.
Robin Clements
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